Diamond Trust Bank Kenya to Divest 83.67% Stake in Burundi Subsidiary
Diamond Trust Bank Kenya (DTB Kenya) has announced plans to sell its 83.67% shareholding in its Burundi subsidiary, DTB Burundi, to a consortium of primarily Burundian investors. This strategic move, following 16 years of operation in Burundi, aims to refocus DTB on its core markets in Kenya, Uganda, and Tanzania. The transaction is subject to regulatory approvals.